Canada’s Warren Buffett’ Drives His Own Pickup Truck, Canada’s Warren Buffett’ Drives His Own Pickup Truck-Jim Pattison rattles through a silver truck in rural Saskatchewan and follows Prairie Trail to the horizon. In the back there is a sleeping bag and a crimson pillow, the incredible seat of a Canadian billionaire when he can not find a motel.
Observing the speed limits seems optional, using a flickering light that is then reflected. It is not that there are many obstacles, just large wheat fields that lie on such a flat surface that if you lose a dog, you can see it running for three days.
Pattison was born in a huge Canadian food basket. At the age of 90, he oversaw one of the most recent weapons in his realm of $ 10 billion ($ 7.4 billion): Pattison Agriculture, a John Deere dealer covering 21 million hectares. crops.
Canada’s Warren Buffett’ Drives His Own Pickup Truck
“We see more opportunities than ever before,” says Pattison, who is steadily continuing his small frame immersed in the black and hollow leather seats of his Ram 1500 Laramie truck. “There are still many options with all the changes that are taking place in the world.”
This car ride offers a rare glimpse of Pattison, the third richest man in Canada, in an extremely private world, who has formed his cult group into a sort of challenge to build a modern empire. Avoid e-mail, carry a cell phone, but just check it and you can count on the number of times your group used a recent investment bank.
Pattison has often been nicknamed Canadian Warren Buffett, a trope that points to a relatively unknown person who stays outside of Canada, although the conglomerate is active in 85 countries in different industries: supermarkets, wood and fishing. , one-time packages for KFC, billboards in Canada and the “Guinness World Records”, the best-selling bestseller of all time, regardless of whether it is the owner of the Empire of Ripley Entertainment Inc. “When I returned to Omaha, they know me as Jim Pattison from the United States,” Buffett said this month, and he surprised Pattison about the scene in Toronto when a Canadian billionaire entered the Walk of Fame on Saturday. Country. Pattison refuses to compare. “Warren Buffett is only in class,” he emphasizes.
Pattison traveled 1700 kilometers from the headquarters of Jim Pattison Group Inc. in Vancouver, through mighty Canadian rocks and prairie, where he bought four agricultural machines to create Pattison Agriculture. He likes to visit his property unexpectedly, even in his supermarkets and traders, but the news is spreading rapidly.
“You are the man we all expected”, says Moosomin’s agent in Saskatchewan (3,100). “You called, did not you?” He smiled as he crept through the store and made popcorn while questioning his employees.
Listen carefully to how they share their difficulties: lack of mechanics, reduced margins when selling new equipment and unbearable noise in the new tractor cabin complaining about farmers. From time to time he takes out the notepad and some colored pens, but is usually based on his always sharp memory.
The story of Pattison, rich in canvases, reminds us of another era. Born in Los Angeles during the Great Depression, he wore clothes that had been sewn with other children’s sprinklers because the money was very tense. The family settled in the west at the age of six to settle in the eastern part of Vancouver. In the summer he returned to the Saskatchewan farm, where the horses still ride on the ground. As a natural seller he sold seeds at home at the age of seven and a few years later he took over adult men in a competition to sell the most Saturday Evening Post subscription.
His journey to a fortune of about $ 6.3 billion began in 1961 in the Pontiac Buick. He bought it with a credit of $ 40,000 to Cdn from the Royal Bank of Canada after he convinced the local manager to exceed the credit limit of the bank five times. Retains the manuscript of the first year and yellow financial reports in a transparent plastic card.
Pattison says his favorite job is still a seller of used cars. “If I had to do that, I could always come back.” This global business empire has become a reality in the next five decades ….
Westshore Terminals Investment Corp., North America’s largest carbon trader in Vancouver, is one of the largest shares in outsourcing companies. Its largest public share is a majority shareholding in Canfor Corp., which fell by about 35% this year due to the slowdown in the US property market.
“Some companies are exposed as if nothing had happened,” he says. “But the best possible use of what we have is one of the reasons why I have a job.”
Behind this difficult picture, the company is hidden in full technological change.
The Pattison Agricultural Distributor in Yorkton has a newly established center with an area of 60,000 hectares of agricultural land, some larger than Liechtenstein. Most internal devices cost half a million dollars; Some customers spend up to $ 40 million a year on the purchase.
“Do you see how much these days the peasants paid?” When it passes the warehouse, the 5 and 6 inch frame is small due to the tires of some cars. “Smaller farms are less and less going through consolidation, consolidation, and consolidation.” ………